Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
One other thing I forgot to mention ... I'm still staying away from financials. China's inflating asset bubbles and is spending massive amounts of money on public works projects to prop up their 8% / year growth rate. The US' financial industry is still reeling from falling house values, and both the US and Europe has way too much exposure to risky markets around the world.
If I were to risk it, which I won't, I'd bet on companies with a SE Asian presence. Some textiles manufacturers are moving out of China into poorer countries (since $4/hr is much more than $1/hr) where any investment is welcome and corrupt governments are lax on enforcing environmental laws.
In 2009, I did very well working the same stocks ........ SNDK, AKS, HIG, PALM, PCS, JRCC, DRYS, etc.
I would buy them, write a covered call, maybe get called out, maybe rewrite. Then, after (eventually getting called out) I would wait till they pulled back and go back in again.
My return on capital employed is around 45% which I am pretty happy with. So, for 2010, I plan to employ the same strategy.
I am retiring this month and will finally have time to look closer at my investment portifilos and see if I could find some spare funds to buy a few good stocks, does anyone have leads?
The only stock I own is the company I work and that is Comcast because I get 15% off per share. The rest I own are the Mutual Funds.
If I buy like 1 share on like 100 companies, is that considered diversified?
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,766,887 times
Reputation: 3587
Quote:
Originally Posted by Guntersville Boomer
I am retiring this month and will finally have time to look closer at my investment portifilos and see if I could find some spare funds to buy a few good stocks, does anyone have leads?
I would say Sirius XM because it is priced way too low right now.
Housing stocks are cheap now, Im contemplating buying some...hold for two years.
"Don't sell the farm, paw."
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
